Optional Risk

Freewill sets as apart from dogs, monkeys, dolphins, or from any other intelligent creature on Earth. We reign supreme because we are capable of making choices. Indeed, the freedom to choose is life's precious gift to mankind. We can choose in variety, pattern, or direction. It's almost overwhelming to see how many choices we have to make in a day. But sometimes, choices does more harm than good. There are rare moments when we should just take life as it rolls our way. Sometimes, life has its own plan for us, and there's no way to go against it.

What the hell am I talking about? I'm talking about Analyn Kelly. Because of the high home prices, we are pressured into plummeting down to deals with initially lower payment but higher risk. And she just jumped into the loop of a financial danger zone.

To buy a house for her family, Analyn chose the Option-Payment Mortgage loan. Now it's fascinating that you get to choose which to pay. You can go for the principal and interest, interest only, or the minimum requirement set by the lender. The remaining difference will then reflect in your balance loan.

That sounds interesting and fairly easy but for Analyn, it didn't really work out. Making that choice made a dummy out of her when it comes to priorities and responsibilities. She ended up owing more than she borrowed. Not being able to pay in time caused her serious interest rates problem.

In every deal and arrangements, you must analyze what type of person you are. If you are like a terror grade school teacher, then the Option-Payment Mortgage plan will do just fine for you as long as you have that discipline. But if you are a jack-ass football player, stick to a mortgage deal that will reinforce values and better approach in financial ordeals. The sorry deal is not all plans are laid out for everybody. Options may sometimes entail lurking risks in the future that we may not anticipate.